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Is Russia’s car market soon in Chinese hands?

Cars from Chery wait at the port of Lianyungang for shipment to Russia (archive picture)

Before the invasion of Ukraine, things were going very well for Chinese car manufacturers on the Russian market. Their most recent market share was at 7.5 percent. That is still far behind the Europeans, Koreans and Japanese. But it marks a doubling compared to 2020, and it is significantly more than the share of Russian competitors. The latter only had a share of 5.3 percent in their own country. “Perception of Chinese brands has fundamentally changed,” independent auto analyst Sergei Burgasliyev told the portal Yicai. Quality and design have advanced to world-class level in recent years. The Chery brand has enjoyed particular success in Russia recently, followed by Great Wall, Geely, Changan and FAW. EVs are also considered a future growth market for Chinese suppliers in Russia.

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